Dealers Tell Auto Makers: Send Trucks and SUVs, Not Cars

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Jeff Bennett and Christina Rogers U.S. new-car dealers are telling auto makers to limit production of passenger cars in the face of overwhelming demand for trucks and sport-utility vehicles that is forcing them to offer deep discounts on small ...

Money Is Getting Tighter Faster Than Fed Intended

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Ben Eisen Monetary-policy makers are coming to the grim conclusion that financial markets aren't letting them tighten financial conditions gradually. The problem: The rise of the dollar over the past year and the swift retreat from risk in 2016 ...

Asian Shares Set for Early Losses

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Robb M. Stewart MELBOURNE, Australia--Stocks across Asia look set for another volatile day Friday, heading for a negative open as they track further weakness on Wall Street and in Europe as investors flee for safer investments. Still, early weakness ...

CFPB Rules to Rein In Payday Lenders Won't Cap Rates, Official Says

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

WASHINGTON?New federal rules for high-interest payday loans won't cap interest rates, a top official of the Consumer Financial Protection Bureau told lawmakers Thursday. "We will not establish a usury cap and interest-rate limits on these or any other lending product," ...

BOJ Could Consider Further Easing, Says Abe Adviser

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

TOKYO?A close adviser to Prime Minister Shinzo Abe said Friday that the Bank of Japan may call an emergency meeting to undertake additional monetary easing if financial markets remain turbulent. Etsuro Honda, a former finance ministry bureaucrat, said the government ...

Yen Weakens Only Moderately Against Rivals

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Hiroyuki Kachi The yen weakened moderately against its rivals during Asia trade Friday, as Japanese currency authorities' talking failed to give a new direction to the perceived safety of the Japanese currency. The greenback rose to Y112.70 at around ...

Japanese Stocks Fall to Lowest Levels in More Than a Year

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

Japanese stocks plummeted Friday morning, plumbing their lowest level in more than a year and leading Asian markets down after a selloff in U.S. and Europe overnight. Japan's benchmark Nikkei was down 3.7% after a holiday on Thursday, its lowest ...

Origin Energy to Sell Mortlake Terminal Station

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Robb M. Stewart MELBOURNE, Australia--Origin Energy Ltd. (ORG.AU) is selling a terminal connecting a gas-fired power station with the electricity market in Australia's southern Victoria state, as part of the energy company's efforts to garner 800 million Australian dollars ...

Russia Consumer Inflation Set to Slow Further in February

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Andrey Ostroukh MOSCOW--Consumer inflation in Russia is set to slow further in February, the central bank said Friday. Annual inflation is seen slowing to 8.3%-8.8% in February from 9.8% in January. Inflation has slowed to single-digit readings thanks to ...

EUROPE MARKETS: European Stocks Bounce Back, With GDP In View

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Carla Mozee, MarketWatch Commerzbank rises on dividend news European stocks rose Friday, coming back from a sharp selloff in the previous session, ahead of the release of economic growth figures for the eurozone. The Stoxx Europe 600 gained 1.3% ...

Nymex Oil Futures Rebound From 12-Year Low -- Update

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Biman Mukherji Oil-futures prices on the New York Mercantile Exchange rebounded Friday on short-covering after touching a more than 12-year low the previous day. Light, sweet crude futures on Nymex for delivery in March traded at $27.68 a barrel ...

Japan's Aso Warns Investors Over Yen's Surge

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

TOKYO?Japanese Finance Minister Taro Aso sent a warning to investors Friday about the surging yen, saying the government will "act appropriately" in the currency markets if deemed necessary. "We have seen quite rough movements in the exchange rate recently," Mr. ...

German Economy Steady

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

FRANKFURT?Robust domestic consumption kept Germany's economy on a steady yet modest growth path at the end of last year, despite weak exports and growing headwinds from the global economy, official data showed Friday. Germany's gross domestic product grew at a ...

Economists, CEOs: Recession Risk Rising

TODAY: Feb. 12, 2016 PUB DATE: Feb. 12, 2016

By Josh Zumbrun A growing number of corporate leaders and economists see mounting risk of the U.S. tipping into a recession, a nod to headwinds posed by the global growth slowdown and early-year convulsions in financial markets. The odds of ...